Connected Car Market Worth $98.42 Billion by 2018

DALLAS, TX--March 14, 2013:

According to a new market research report "Connected
CarMarket (2013-2018): By Connectivity Technology (LTE, Wi-Fi, 3G,
HSPA); Form Factor (Tethered, Embedded, Integrated); Product and Service
(OEM and Aftermarket), Application (Navigation, Telematics, Infotainment)
and Geography" published by MarketsandMarkets the total market is
expected to reach total shipments of 59.86 million units by 2018, growing
at an estimated CAGR of 41.2% from 2013 to 2018.

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124 market data tables

72 figures

314 pages and an in-depth Table of Content on "Connected Car Market"

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Thanks to the rapid technological advancements in network and mobile
technology such as LTE, Wi-Fi, providing Internet in car has caught up as
an emerging trend in the automotive industry. Connectivity in car is
increasingly becoming a must-have feature and key driver to the industry.
Consumers' demands and mandates (both - existing and expected) are the
prime drivers. Most of the major economies have already introduced one
mandate or the other such as eCall in Europe and GLONASS in Russia. No wonder most of the industry experts
opine that the connected car is all set to be the next big thing in the
automotive industry. Future generations will rely more on cloud-based
backend systems for content, information, and services. This turning of car
into a huge data repository will open new avenues of business opportunities
for service industries such as insurance and content providers such as
Spotify (U.K.).

This report describes the market trends, drivers, and challenges with
respect to the
connected car market
and forecasts the market to 2018, based on connectivity technology, form
factors, products and services, applications, and geography. This report
covers geographies like the North America,
Europe, APAC, and ROW (Rest of the World).
North America is the largest geography in
terms of connected car unit shipments and market revenue. APAC has been
identified as the fastest growing region, with China leading the way. Europe and ROW also sound promising, with Brazil, Germany, and Russia providing impetus to the growth. The
report profiles 26 promising players in the connected car market
ecosystem.

The competitive landscape of the market presents a very interesting
picture, where large number of small players has become a force to reckon
with. The market is witnessing large scale collaboration and partnership
across the value chain apart from numerous consortiums being formed.